University of Pittsburgh at Johnstown
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Loan Repayment

When you borrow money for your education, you sign a promissory note legally obligating you to repay the loan according to stated terms and conditions. When the time comes for repayment, usually after your education is complete, meeting your student loan obligation promptly helps you earn a good credit rating, which follows you throughout your life.

You can estimate your loan payments by clicking here.


If you don't repay your loans, you will suffer serious consequences:

  • You may not be able to obtain more credit, (i.e. to buy a car or house.)
  • You may be turned down for a credit card.
  • You will forfeit your tax refunds.
  • Your employer can be ordered to garnish your pay (i.e. withhold what you owe from your paycheck.)
  • You will be sued and will owe collection fees and attorney fees, in addition to repaying your loan.

Remember, you must repay your student loans, EVEN IF:

  • You don't graduate or otherwise complete your education.
  • You can't find a job after graduation.
  • You aren't satisfied with the education you received.
Last Reviewed: November 29, 2004